Disciplined Investments LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 121.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,162 shares of the e-commerce giant’s stock after buying an additional 637 shares during the period. Disciplined Investments LLC’s holdings in Amazon.com were worth $120,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Kavar Capital Partners Group LLC raised its stake in shares of Amazon.com by 7.6% in the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after acquiring an additional 79 shares during the period. IFM Investors Pty Ltd raised its position in Amazon.com by 21.8% in the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after purchasing an additional 13,060 shares during the period. Ironwood Wealth Management LLC. lifted its stake in shares of Amazon.com by 0.8% during the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after purchasing an additional 15 shares in the last quarter. Markel Corp boosted its position in shares of Amazon.com by 0.6% in the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after buying an additional 550 shares during the period. Finally, Leelyn Smith LLC grew its stake in shares of Amazon.com by 24.8% in the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after buying an additional 540 shares in the last quarter. 57.96% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Amazon.com news, major shareholder Amazon Com Inc sold 1,177,000 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the completion of the sale, the insider now directly owns 12,741,445 shares in the company, valued at $248,458,177.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $125.07, for a total transaction of $62,535.00. Following the completion of the transaction, the chief executive officer now directly owns 151,780 shares in the company, valued at approximately $18,983,124.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the completion of the sale, the insider now owns 12,741,445 shares in the company, valued at $248,458,177.50. The disclosure for this sale can be found here. Insiders have sold 1,361,829 shares of company stock worth $48,444,937 in the last quarter. 12.70% of the stock is currently owned by company insiders.
Amazon.com Price Performance
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. The firm had revenue of $134.38 billion during the quarter, compared to analysts’ expectations of $131.54 billion. On average, equities research analysts predict that Amazon.com, Inc. will post 2.23 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts have weighed in on AMZN shares. Mizuho upped their price target on Amazon.com from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Loop Capital raised their price target on shares of Amazon.com from $180.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. CICC Research began coverage on shares of Amazon.com in a report on Sunday, July 9th. They issued an “outperform” rating on the stock. Canaccord Genuity Group upped their price objective on shares of Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Finally, Barclays lifted their target price on Amazon.com from $140.00 to $180.00 and gave the stock an “overweight” rating in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.87.
Read Our Latest Report on AMZN
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
Read More
- Five stocks we like better than Amazon.com
- What is the Shanghai Stock Exchange Composite Index?
- 5 Ways to Play Retail that will Profit in 2023
- What’s a Sound Playbook for Investors During Election Years?
- This Is Why It’s Not Too Late For You To Buy Meta Stock
- Investing in the Best Airline Stocks
- Why Analysts Say GE’s Healthcare Spinoff Has $20 Upside
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.
